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Exceptional owner-occupant or investment opportunity overlooking the Crane River. This four-family property offers a rare combination of rental income, owner-occupant flexibility, and scenic water views. Currently, three of the four residential units are vacant and ready for immediate occupancy, providing an ideal setup for an owner-occupant seeking rental income or an investor looking to lease at current market rates.The property features two separate garage bays and a desirable setting overlooking the Crane River. Conveniently located near downtown Danvers, shopping, restaurants, schools, and major commuter routes including Routes 1, 95, and 128.With multi-family inventory remaining limited in Danvers, opportunities like this are increasingly difficult to find. Whether you're looking to live in one unit while collecting rental income from the others or add a well-located asset to your investment portfolio, 39 Needham Road presents exceptional value and long-term potential.

More Info

Basic Information

  • Gross Income $30,000
  • Mls StatusNew
  • Parcel Number M:064 L:019 P:,1881915

Tax Information

  • Tax Assessed Value $868,600
  • Tax Year 2025
  • Taxes$9,546

Parking

  • Covered Spaces 2
  • Garage YN Yes
  • Open Parking YN Yes
  • Parking Features Paved Drive, Off Street
  • Parking Spaces6

Rooms

  • Bathroom5
  • Bathrooms Total Decimal 4.5
  • Bedrooms6
  • Full Bath4
  • Half Baths1

Basic Information

  • List Price$1,200,000
  • MLS Number73540673
  • Modification Date06/24/2026
  • Property SubType4 Family

Location

  • Address39 Needham Road
  • Building Number39
  • CountyEssex
  • StateMA
  • StreetNeedham Road
  • TownDanvers
  • Zip01923

Building

  • BasementUnfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationGranite
  • Garage Spaces2
  • Levels 4
  • Rooms14
  • Stories4
  • Units4
  • Year Built1920
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.37

Interior

  • Flooring Carpet, Hardwood

Exterior

  • RoofShingle

Utilities

  • Electric 200+ Amp Service
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 3,704
  • Lot Size Square Feet 16,274
  • Lot Size Units Acres
  • Square Feet3,704

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Marina
    • Medical Facility
    • Park
    • Public School
    • Public Transportation
    • Shopping
  • Other AmenitiesBasement, Waterfront, Water View

Water Body

  • WaterfrontYes
  • Waterfront Features Waterfront, River

Legal

  • ZoningR1

Other

  • Date Listed06/24/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Herrick Lutts Realty Partners of Herrick Lutts Realty Partners

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